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Compensation & Benefits

IRS says employers can expand COVID-19 coverage with HSAs

03/17/2020
If you offer a high deductible health insurance plan compatible with a tax sheltered Health Savings Account, you know that the plan and the employees who use it face tight Internal Revenue Service restrictions on how much employees must pay before full insurance coverage kicks in. Fortunately, the IRS has moved quickly to address COVID-19 cover-age through HSAs.

Snapshot: Does your company have a formal compensation strategy?

03/17/2020
Less than one-third of employers have a formal compensation strategy, but more are working to develop one.

Cost of inpatient COVID-19 treatment could top $20,000

03/17/2020
COVID-19 hospital treatment for a patient covered by an employer-provided health plan could exceed $20,000 according to a new analysis by the Kaiser Family Foundation.

House passes coronavirus rescue bill

03/16/2020
Using expedited procedures, the House of Representatives passed the Families First Coronavirus Response Act (H.R. 6201) early March 14. The Senate is expected to pass a similar measure within days, and President Trump has said he will sign it into law.

Beware basing starting pay on past salary

03/12/2020
Think twice before using a new hire’s past compensation to set her new salary. According to a federal appeals court, that violates the Equal Pay Act.

Bills would grant paid sick leave during public health emergencies

03/10/2020
Responding to the worsening coronavirus outbreak, companion legislation introduced March 6 in the House and Senate would require employers to provide 14 days of paid sick leave in the event of any public health emergency.

Our top financial worry: Unexpected medical bills

03/10/2020
When it comes to family budget concerns, unexpected medical bills top Americans’ list of worries, with two-thirds (65%) of the public saying they are at least somewhat worried.

Supreme Court agrees to hear appeal of ACA constitutionality

03/03/2020
A fast-track appeal that could decide the fate of the Affordable Care Act will come before the U.S. Supreme Court later this spring.

Telemedicine could take off as coronavirus spreads

03/03/2020
The coronavirus outbreak could be the tipping point that finally popularizes the telemedicine option many health insurance plans offer, according to Mary Kay O’Neill, clinical services consultant for the Mercer consulting firm.

April 2020: Employer’s business tax calendar

02/29/2020
Here’s your monthly guide to critical payroll due dates.